111
111
Dec 6, 2012
12/12
by
CNNW
tv
eye 111
favorite 0
quote 0
as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all those americans, too, get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're talking today but still at stalemate. >> yeah, i mean, it's a sign, jessica and dana, of just how lack -- how little progress there's been that a phone call is big news between these two. dana, we're also hearing hints of some move between republicans, cobur
as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the...
153
153
Dec 2, 2012
12/12
by
FOXNEWSW
tv
eye 153
favorite 0
quote 0
i really worry that president obama, we consider that he's overreaching, it's too much, you know. at the end of the day president obama is selling a very simple message. i want to keep taxes low for middle class americans and republicans, i'm worried, are in the position of looking as if they don't care about the middle class and want to keep tax rates low for wealthy americans. >> one of the things that struck me in my interview with tim geithner, the republicans were a little unclear. he said the bush tax rates had to go up but not all the way up and geithner said they had do have to go up to 39.6%. >> i still think the white house is willing to settle for something in the middle there above the bush tax rate but maybe not all the way back up to clinton, maybe not 250 and above, maybe 500. i think there are moving parts there. i think he says in every speech he goes out there and gives the hard line message to the base i'm not going to be the woos you thought i was last time. he says i want to compromise and we all have to get out of our comfort zone. i want a deal. >> and repub
i really worry that president obama, we consider that he's overreaching, it's too much, you know. at the end of the day president obama is selling a very simple message. i want to keep taxes low for middle class americans and republicans, i'm worried, are in the position of looking as if they don't care about the middle class and want to keep tax rates low for wealthy americans. >> one of the things that struck me in my interview with tim geithner, the republicans were a little unclear....
133
133
Dec 5, 2012
12/12
by
MSNBCW
tv
eye 133
favorite 0
quote 1
yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at that points. >> in the meantime, now the gop is fighting with itself. speaker boehner is facing growing backlash from the more conse
yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go...
93
93
Dec 5, 2012
12/12
by
MSNBCW
tv
eye 93
favorite 0
quote 0
president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is not serious. >> math. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. >> jay carney says the speaker's plans raises more questions than answers. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and ferry dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of the
president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is...
61
61
Dec 6, 2012
12/12
by
MSNBC
tv
eye 61
favorite 0
quote 0
held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that's going to affect your spending, your lifestyles, or the economy in any significant way. let's make sure that 98% of americans don't see it -- a single dime in tax increases next year. >> so, john boehner, the speaker for the republican party in this partisan fight is saying, he's already socking it to the rich. he's willing to raise their taxes in various forms but just not the rate. isn't he agreeing in principle to the president's argument of fairness? isn't he in a weaker position to deny a rate change? governor? >> sure he is, chris. number one, he hasn't specified
held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in any way that's going to affect...
62
62
tv
eye 62
favorite 0
quote 0
>> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise as far as taxes are concerned? >> how we go about tax reform, there's a lot of room to work together to lower the rates. >> give me an example? >> i'm not sure where the democrats are because they have not offered a plan. >> their plan is to keep the b
>> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have...
117
117
Dec 6, 2012
12/12
by
MSNBCW
tv
eye 117
favorite 0
quote 0
are you saying then forp r purposes, that they should give in to obama on the tax rate. >> no exactly -- well, yeah, i guess i am. >> you're saying capitulate to obama -- we don't have a revenue problem, ann. >> we lost the election, sean. >> well, the fact is, sean, we do have a revenue problem. 15% of gdp going to revenue. republicans on the right should at least pay for what they spend on. at least pay for the guns and ammo. the louisiana governor bobby jindal wants to make -- he's not blind to reality. he writes in today's politico, any reading of the headlines over the past week indicates that republicans are fighting to protect the rich and cut benefits for seniors. it may be possible to have worse political positioning than that, but i'm not so sure how. your thoughts, chris. do you conform to the thinking here of our smartest possible colleague here, chuck, that this is something that the president realizes is a true cliff, you don't want to go over it, and he will recognize a good deal if he see it is before christmas and take it? >> sure. yes, i do agree with chuck. i would
are you saying then forp r purposes, that they should give in to obama on the tax rate. >> no exactly -- well, yeah, i guess i am. >> you're saying capitulate to obama -- we don't have a revenue problem, ann. >> we lost the election, sean. >> well, the fact is, sean, we do have a revenue problem. 15% of gdp going to revenue. republicans on the right should at least pay for what they spend on. at least pay for the guns and ammo. the louisiana governor bobby jindal wants...
195
195
Dec 5, 2012
12/12
by
MSNBCW
tv
eye 195
favorite 0
quote 0
on the side of what the republican republicans get, the republicans get the tax rates they want, the medicare cuts they want, the trillion dollars in spending cuts president obama agreed to, hundreds of billions in additional cuts, ending the payroll tax break, ending jobless benefits and they get the opportunity to create a new debt ceiling crisis in a few months. that's on the republican side, what the republicans get in their proposal. what do the democrats get in their proposal? they get this. a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a fair and balanced middle ground. >> unfortunately, the speaker's proposal right now is still out of balance. >> yes. balance. here's the amazing part, though. after congressional republicans released their plan yesterday, which gives them everything they want and promises democrats that they might get something undefined that they might want maybe some time in the future. we'll talk about it later. after they put forth that sweet deal, this was the reaction from the beltway's conserv
on the side of what the republican republicans get, the republicans get the tax rates they want, the medicare cuts they want, the trillion dollars in spending cuts president obama agreed to, hundreds of billions in additional cuts, ending the payroll tax break, ending jobless benefits and they get the opportunity to create a new debt ceiling crisis in a few months. that's on the republican side, what the republicans get in their proposal. what do the democrats get in their proposal? they get...
157
157
Dec 5, 2012
12/12
by
CNBC
tv
eye 157
favorite 0
quote 0
it sounded to me like president obama talking about tax rates. >> is this dead or still alive? >> it is still alive. and it is ugly. but the piece that you mentioned. setting aside some of the substance here. there is a new poll out today that shows the public unchanged. it has been that way for weeks now. they had a proposal and i think it is middle ground and they put it in a letter and leaked it to the press. i think you heard what you heard from the president all along. >> i have to say, i agree with guy. part of the challenge here is the president knows that he's got the public on his side. also remember the exit polling from the elections that shows people are fine with taxes going up on the top 2%. this is part of why the deal from john boehner was a non starter. he said how about deduction caps so you have lots of taxes. is he in trouble with his right wing? >> yes, he is. they have purged the scam. you said it. spending cuts. they are talking about $350 billion. what matters here is the numbers. we can't afford this. we have $16 trillion in debt. we have $87 trillion i
it sounded to me like president obama talking about tax rates. >> is this dead or still alive? >> it is still alive. and it is ugly. but the piece that you mentioned. setting aside some of the substance here. there is a new poll out today that shows the public unchanged. it has been that way for weeks now. they had a proposal and i think it is middle ground and they put it in a letter and leaked it to the press. i think you heard what you heard from the president all along. >>...
151
151
Dec 5, 2012
12/12
by
MSNBCW
tv
eye 151
favorite 0
quote 0
, saying it's okay if we raise rates a little bit for folks who make more than $250,000 a year. the world is not going to come to an end. there are republican and conservative analysts and thought leaders like bill kristol who have said that. why the republicans in the house who really are still very entrenched with their tea party mentality have not yet understood that, and are still dug in, is really frustrating. >> the president has just said and i'm getting this reiterated to me from people who can actually hear what he's saying but saying to the leaders he's not opposed to tax reform. >> right. >> for you and the constituents that you represent, what is it for concession you're willing to bring to the table. what are you willing to give republicans the wiggle room that they need to provide something to their base to say okay we did not totally lose out on this deal? >> i'll give you an example of what we've already embraced, more than $1 trillion in spending cuts in the debt ceiling deal from last summer, almost $1.5 trillion in spending cuts only with no revenue at all, ev
, saying it's okay if we raise rates a little bit for folks who make more than $250,000 a year. the world is not going to come to an end. there are republican and conservative analysts and thought leaders like bill kristol who have said that. why the republicans in the house who really are still very entrenched with their tea party mentality have not yet understood that, and are still dug in, is really frustrating. >> the president has just said and i'm getting this reiterated to me from...
245
245
Dec 5, 2012
12/12
by
MSNBCW
tv
eye 245
favorite 0
quote 2
debt, raising rates. and responsible cuts on entitlements and discretionary spending versus republicans who are divided against something that is a chicken hawk when it comes to the deficits, that is the boehner approach, or the more extremist position which is absolutely nothing.ç so this is an extraordinary position for the republican party to have evolved into. >> you must respond to what julian just said. >> i like julian an awful lot but i think what he said is entirely wrong. it's fascinating president obama last july, july of 2011, said we can get $1.2 trillion in revenue where we don't have to raise marginal tax rates and close loopholes and julian says most economists agree, in fact, this won't add to the deficit. look, you're only talking about $89 billion a year of the tax dollars of top two drapes. julian and i will agree, however, this deal is not serious. you need to have a lot more on the table for entitlements and -- >> let me correct him on a couple of factual matters. we have already s
debt, raising rates. and responsible cuts on entitlements and discretionary spending versus republicans who are divided against something that is a chicken hawk when it comes to the deficits, that is the boehner approach, or the more extremist position which is absolutely nothing.ç so this is an extraordinary position for the republican party to have evolved into. >> you must respond to what julian just said. >> i like julian an awful lot but i think what he said is entirely...
153
153
Dec 7, 2012
12/12
by
MSNBCW
tv
eye 153
favorite 0
quote 0
and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the president's leverage? >> i think they do. the big thing is the election. but the jobs numbers suggest that the economy is doing well and it cuts against the republican argument that raising taxes on the rich with would hurt the economy and the economy is fragile. the numbers though that the economy is not fragile and that would improve the economy's leverage. he's still doing so many public events. he is trying to use that public pressure to sort of force the republicans to cut a deal. >> doing this public stuff but at the same time having these private talks with the
and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the...
160
160
Dec 4, 2012
12/12
by
MSNBCW
tv
eye 160
favorite 0
quote 0
raising rates. as he said today and prior to today, the math doesn't add up if you simply close loopholes, cap deductions, do those sorts of things. we're sort of where we always have been. it's where we have been for several years at least when it relates to congress and the president simply not being able to resolve what are fundamental differences. we talked about this before the election, andrea. the election was supposed to tell us something about what the american public wanted. president obama did win the election. you know, an event has happened as part of the many months where the public comes down on this. >> luke russert, john boehner did yesterday come out with their proposal, the house proposal. is that a nonstarter or move the ball a little bit? >> i would say it's a nonstarter for the white house, but it moves the ball a little bit in the sense it gives us an idea of what the house gop conference would be willing to accept and that is really to put it in place, caps, specific numbers,
raising rates. as he said today and prior to today, the math doesn't add up if you simply close loopholes, cap deductions, do those sorts of things. we're sort of where we always have been. it's where we have been for several years at least when it relates to congress and the president simply not being able to resolve what are fundamental differences. we talked about this before the election, andrea. the election was supposed to tell us something about what the american public wanted. president...
102
102
Dec 4, 2012
12/12
by
MSNBCW
tv
eye 102
favorite 0
quote 0
having a little bit of a slow response rate. in the swing states, look at where president obama's percentages are at. he did better in the swing states than overall. mitt romney's 47.2%. 12 swings states broadly outlined. we throw in pennsylvania and a minnesota among 0 others. the nonswing states, the president still has over 50.7% there. mitt romney, there's that number again, 47%. let's move on to the margin of victory in the swing states. the president had a four-point margin of victory in the nonswing states. it was closer to three points. let's move on to where he won and how it counted. here, 62% of electoral votes for the president. 332 out of 538. just six presidents, six presidents, have won at least two elections with 51% of the vote or more and not since eisenhower has any president done that. the president, though, only won 22% of all counties. that's the lowest percentage out of 689. that's the lowest percentage of counties that any one president had since 2008. when he had 28% of counties there. believe it or not,
having a little bit of a slow response rate. in the swing states, look at where president obama's percentages are at. he did better in the swing states than overall. mitt romney's 47.2%. 12 swings states broadly outlined. we throw in pennsylvania and a minnesota among 0 others. the nonswing states, the president still has over 50.7% there. mitt romney, there's that number again, 47%. let's move on to the margin of victory in the swing states. the president had a four-point margin of victory in...
231
231
Dec 7, 2012
12/12
by
CNBC
tv
eye 231
favorite 0
quote 0
tax rate? he raises the tax rate in order to spend. seems to me that taxing and spending is his mantra, just like the east european mantra and the california and new york -- why would you want to raise the tax rate $1.6 trillion if youp didn didn't want to spe? that's a big number. >> it is. jared bernstein was in "the new york times" complaining about the tax cutting in this country over the past 30 years. and jared says, we've gutted the tax code, we're just not getting enough revenue for all the spending we want. >> i would gut the tax code of all its special deductions and loopholes and whatnot and take the rate down to about 15%. i am a flat tax guy. what i don't get is why the united states wants to imitate the mistakes of western europe, jim pethokoukis. that's what i don't get. you get the last word. >> i think it's stunning and i hope we learn from yoour mistak as quickly as they did in great britain. >>> who needs to wait for a recession? our next guest says we may already be in one a
tax rate? he raises the tax rate in order to spend. seems to me that taxing and spending is his mantra, just like the east european mantra and the california and new york -- why would you want to raise the tax rate $1.6 trillion if youp didn didn't want to spe? that's a big number. >> it is. jared bernstein was in "the new york times" complaining about the tax cutting in this country over the past 30 years. and jared says, we've gutted the tax code, we're just not getting enough...
152
152
Dec 5, 2012
12/12
by
MSNBCW
tv
eye 152
favorite 0
quote 0
president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we may be able to lower rates by broadening the base at that point. >> joining me here in washington are congressman tim walls, democrat from minnesota, and karen finney, the former dnc director and msnbc analyst. you introduced today in the house a discharge petition which is a way for normally the minority to try to get, to force a vote on something that the leadership doesn't want. this petition would basically bring to a vote in the house the bill that the senate passed, which is basically the president's version of the tax structure that he would like to see. what's happening with the d
president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democrats and republicans are willing to close. and it is possible that we...
165
165
Dec 6, 2012
12/12
by
CURRENT
tv
eye 165
favorite 0
quote 0
. >> obama: let's allow higher rates to go up for the top 2% that includes all of you guests but not in anyway that is going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see a single dime of tax increases next year and by doing that alone we raise almost a trillion dollars. [♪ "world news tonight" theme ♪] >> stephanie: associated press says the white house is signalling president obama is willing to let the country go over the cliff. this is a choice of the republican party if they are willing to do higher rates on the country, there is a lot to talk about, if they are not, they will push us over the cliff. tim geithner said there is no prospect in an agreement that doesn't include the tax rate going up on the top 2% of americans. he said we are not prepared to have the american economy held hostage to periodic threats. >> there you go. >> stephanie: and he pointed out, taxes were the centerpiece of the presidential campaign.
. >> obama: let's allow higher rates to go up for the top 2% that includes all of you guests but not in anyway that is going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see a single dime of tax increases next year and by doing that alone we raise almost a trillion dollars. [♪ "world news tonight" theme ♪] >>...
61
61
Dec 3, 2012
12/12
by
CSPAN2
tv
eye 61
favorite 0
quote 0
agreed with us and gave him the highest rating of unanimously qualified. i'd like to thank senators reid and mcconnell for breaking the logjam so that we could bring this to everyone's attention and commend senator leahy for the swift movement through the committee process. i take the -- i've had the opportunity to recommend several judicial nominees, and take my advise and consent responsibility very seriously. i have four criteria. my nominee must have absolute integrity, judicial competence and temperament, a commitment to core constitutional principles, and i ask for a civic engagement in maryland so they're familiar with the lief and -- life and times of the people they will adjudicate over. i mentioned these standards because often i -- i mention these standards often because i mean it. judge grimm does exactly that. he brings the right hard-working values to the bench and the necessary experience, sharpening his legal skills for many years as a litigator, a judge advocate general lawyer, a j.a.g. officer and indispensable asset to the district court
agreed with us and gave him the highest rating of unanimously qualified. i'd like to thank senators reid and mcconnell for breaking the logjam so that we could bring this to everyone's attention and commend senator leahy for the swift movement through the committee process. i take the -- i've had the opportunity to recommend several judicial nominees, and take my advise and consent responsibility very seriously. i have four criteria. my nominee must have absolute integrity, judicial competence...
96
96
Dec 4, 2012
12/12
by
CSPAN2
tv
eye 96
favorite 0
quote 0
outcome of the negotiations, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad balanced deficit reduction package that do enormous good to the economy. the kind of package i should not leave out with targeting investments so the economy continues to grow and create jobs. as i said on occasions, deficit reduction in and of itself is not a goal, but part of the plan that is focused on economic growth and job creation. president's very focused on that. jay? >> just a second ago, you referred to how the debt ceiling, taking it off the table, needs to be part of the deal. you referred to the economy, you called held hostage by the ideological team. you were aware of this, senator obama w
outcome of the negotiations, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad...
235
235
Dec 5, 2012
12/12
by
CSPAN2
tv
eye 235
favorite 0
quote 0
in 2001, they enact a major rate reduction. they let the rate structure of the amt remain intact. that means for people between 1,200,500,000, the exact people potentially subject to this increase in tax under the obama plan did not receive the full benefit of the bush tax cuts. that is just a fat. if your income is over 500,000, you got the rate. as a product of a very bizarre rate structure. congress was quite cognizant of that rate structure when they enact their 2001 act and decided not to change it because it had the impact of making that tax cut look less unaffordable than it actually was. >> host: dennis, blatant, yutaka and independent caller. >> caller: good morning. i have a question for mr. buckley. i think it's a no-brainer. whenever any of my expenses went up, taxes included for taxes that were levied on one of my suppliers for anything under the expenses, i would turn around and up the cost of whatever i was doing to my customer and it seems to me that whatever the tax increase is to businesses, small, medium or large, unless the philosophy has changed a whole lot, t
in 2001, they enact a major rate reduction. they let the rate structure of the amt remain intact. that means for people between 1,200,500,000, the exact people potentially subject to this increase in tax under the obama plan did not receive the full benefit of the bush tax cuts. that is just a fat. if your income is over 500,000, you got the rate. as a product of a very bizarre rate structure. congress was quite cognizant of that rate structure when they enact their 2001 act and decided not to...
130
130
tv
eye 130
favorite 0
quote 0
people are holding back because they do not know what will happen with their tax rates. as soon as we can get a deal done, frankly, a $4 trillion deal over ten years would do more for job growth, quite honestly, for then anything governor romney or president obama talked about during the campaign. connell: you are really the leader of this. the gang of six and morphed into a bigger group. do you feel as involved now or are you somehow kind of saying to yourself, boy, i do not have a say at all anymore. >> is it that obvious on my face? it is pretty darn frustrating. i have spent two and a half years. there is a large overwhelming majority ready to do their part. i have been in a lot of negotiations over my business career. too many cooks in the kitchen making this. i can tell you this much, there is an awful lot of us who are willing to vote and give ideas to an idea that is big and broad. connell: revenue. we heard from the speaker a moment ago. it did not sound very encouraging. on revenue, you guys were where, just in terms of numbers on revenue? >> well, connell, her
people are holding back because they do not know what will happen with their tax rates. as soon as we can get a deal done, frankly, a $4 trillion deal over ten years would do more for job growth, quite honestly, for then anything governor romney or president obama talked about during the campaign. connell: you are really the leader of this. the gang of six and morphed into a bigger group. do you feel as involved now or are you somehow kind of saying to yourself, boy, i do not have a say at all...
218
218
Dec 5, 2012
12/12
by
CURRENT
tv
eye 218
favorite 0
quote 0
we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers up $800 billion in new taxes without upping tax rates at all tea party leaders say higher taxes shouldn't be in any form because it is not what republicans stand for. south carolina senator jim demint went so far as to call on supporters of his senate conservative fund to call senate republicans and ask them to oppose what he's calling the boehner tax hike. the looming question for republicans what may be willing to compromise is what's your bottom line? the fallback position that is most likely at this point may turn out to be extending the middle class tax cuts through the end of the year and then continuing this fight in the run-up the need to raise the de
we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers up $800 billion in new taxes without upping tax rates...
117
117
tv
eye 117
favorite 0
quote 0
joining us now, washington bureau chief, jerry, looks like obama's going for a two-fer, raising rates on the rich and cap deductions on the rich get them going both ways. >> opening position phase here. the problem, i think, is neither side really is moving fast enough to prevent the partisans on both wings to dig in now. i think the danger is closer to the deadline, you can't get people to pull up the stakes, move in, and support a deal. there's a compromise to be done, and i think that resolves some of the issues in the middle. i think the problem is going to be if you get a compromise at the top, will the troops below to support the compromise still be there? >> while people think there's a full month, you worry we have until december 15th? >> good point. i'm not sure if it's december 15th, but if you want a bill done by the end of the year, it takes a couple weeks to get it done, christmas in the middle, obviously, i think the deadline in practical yesterday, he said there's no way they can compromise unless republicans raise rates on the wealthiest americans. do you think that's
joining us now, washington bureau chief, jerry, looks like obama's going for a two-fer, raising rates on the rich and cap deductions on the rich get them going both ways. >> opening position phase here. the problem, i think, is neither side really is moving fast enough to prevent the partisans on both wings to dig in now. i think the danger is closer to the deadline, you can't get people to pull up the stakes, move in, and support a deal. there's a compromise to be done, and i think that...
207
207
Dec 3, 2012
12/12
by
MSNBCW
tv
eye 207
favorite 0
quote 0
excellent rating, 18% said the same for cuomo and both bloomberg and fema got 14% excellence ratings. cory booker is taking part in what he has labelled as the food stamp challenge. he will only eat what food stamps can provide, $4 a meal. a back and forth twitter exchange about the role in funding school breakfast and lunch programs. finally the kennedy center hohnr honore honorees. actor dustin hoffman, buddy guy and a balance lerina all in attendance in the east room event. >> it's different when you're not the one with the mike, isn't it, dave? you're looking a little stressed. >> led zeppelin. henry mancini and led zeppelin have the kennedy center honoree thing in common. oy. the markets will keep watching the slow going fiscal cliff negotiations today. how will wall street react to the latest maneuvering? to the market rundown. we'll let you know when to pay attention. is that still the case? >> i have to admit 28 days and counting. >> if we're in the same place in two weeks, i'll be nervous. >> the 15th they have to have a deal. >> it's nothing. >> it is if you want companies
excellent rating, 18% said the same for cuomo and both bloomberg and fema got 14% excellence ratings. cory booker is taking part in what he has labelled as the food stamp challenge. he will only eat what food stamps can provide, $4 a meal. a back and forth twitter exchange about the role in funding school breakfast and lunch programs. finally the kennedy center hohnr honore honorees. actor dustin hoffman, buddy guy and a balance lerina all in attendance in the east room event. >> it's...
954
954
Nov 29, 2012
11/12
by
CNNW
tv
eye 954
favorite 0
quote 0
a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2
a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest...
97
97
Nov 29, 2012
11/12
by
CSPAN
tv
eye 97
favorite 0
quote 0
there is pressure on obama to do corporate tax reform and he is willing to take corporate rates down but his plan is to increase the rates for the small businesses pay and in addition, as we are having this conversation, there are five tax increases that aren't being discussed. five obamacare tax increases that start january 1. it is on our web site, atr.org hundreds of billions of dollars start kicking in on january 1 thanks to obamacare. i think the correlation of forces between the two sides is different than obama sees. he said i won re-election and i get to do everything i want to do. he ran his car into the bridge five months and took his approval rating down below 50 and gave himself a republican house in 2010 because he ran and spent that money because he thought the american people signed off on it. and he ran out and overplayed his mandate. he is about to do the same thing again, not only with spending, but with taxes. and taxes are a stickier wicket than spending. the reaction by the small business community to his tax increases is going to make the tea party look tame. >>
there is pressure on obama to do corporate tax reform and he is willing to take corporate rates down but his plan is to increase the rates for the small businesses pay and in addition, as we are having this conversation, there are five tax increases that aren't being discussed. five obamacare tax increases that start january 1. it is on our web site, atr.org hundreds of billions of dollars start kicking in on january 1 thanks to obamacare. i think the correlation of forces between the two sides...
268
268
Nov 29, 2012
11/12
by
CNNW
tv
eye 268
favorite 0
quote 1
how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000. some say even a million. all of that's going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he'll do that but the president stands at 250. which is below even where i was but he won the election. >> do you think that's where the compromise is, have it at a higher rate, somewhere in there? >> i think what needs to happen is for the democrats to come forward with ideas for expenditures. because if not, what he's asking for is for speaker boehner to negotiate
how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of...
324
324
Dec 3, 2012
12/12
by
CNBC
tv
eye 324
favorite 0
quote 1
. >> anything short of marginal rates, here's the times today, obama's end to giving in. there's a big piece in the journal also about that quoting all these leading democrats saying the president has to hold firm this final they're tieing a whole four years to this, the way this goes, so goes the next four years. so far he's under enormous pressure to stand pat. and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >> it's boehner -- the mcconnell and pelosi and reid have nothing to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -
. >> anything short of marginal rates, here's the times today, obama's end to giving in. there's a big piece in the journal also about that quoting all these leading democrats saying the president has to hold firm this final they're tieing a whole four years to this, the way this goes, so goes the next four years. so far he's under enormous pressure to stand pat. and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope...
144
144
Dec 3, 2012
12/12
by
FOXNEWSW
tv
eye 144
favorite 0
quote 0
congress approval rating has been dreadful but scores low marks on ethics and honesty also. new gallop poll finds members of congress come in second to last among professions beating only car salespeople. car salesman took to twitter today to express displeasure with the poll. 10% said they would give congress a high to very high rating. 34% said average. 54% said very low to low. finally when researching the internet be careful when citing wikipedia. judge in england compiled a 2,000-page report on press ethics in which he warned that inaccuracy in newspapers caused significant concern. he claimed the independent was founded in 19786 by three journalists. he apparently got two names right. the third first appeare appearea wikipedia entry a year ago. far from being founder of the paper, the man's name is the same as a self-described beach bum from california whose only edit was on that page. the error was spotted and scrubbed by wikipedia a few weeks ago, but not in time to spare the judge's error. >>> as we told you earlier, president obama is rejecting a counter offer from
congress approval rating has been dreadful but scores low marks on ethics and honesty also. new gallop poll finds members of congress come in second to last among professions beating only car salespeople. car salesman took to twitter today to express displeasure with the poll. 10% said they would give congress a high to very high rating. 34% said average. 54% said very low to low. finally when researching the internet be careful when citing wikipedia. judge in england compiled a 2,000-page...
99
99
Dec 1, 2012
12/12
by
FOXNEWSW
tv
eye 99
favorite 0
quote 0
biggest backers, who is cashing out before rates go up. the details are next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with schwab etfs. tdd#: 1-800-345-2550 schwab etfs now have the lowest operating expenses tdd
biggest backers, who is cashing out before rates go up. the details are next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#:...
51
51
Dec 7, 2012
12/12
by
WMAR
tv
eye 51
favorite 0
quote 0
president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for deep spending cuts. if washington can't strike a deal, one casualty will be compensation for the long-term unemployed. that means people like linda vega, are worried. >> christmas and things of that nature are probably off the table. >> reporter: aides to president obama and speaker boehner met yesterday afternoon. but that meeting ended with no discernible signs of progress. rob and paula? >> thanks, tahman. >>> once the numbers are all tallied, they're going to show that the 2012 presidential election was the most expensive in history. campaign finance statements put the total cost at well above $2 billion. virtually split down the middle between president obama and mitt romney. that includes nearly $86 million raised by
president obama is demanding that higher tax rates for the wealthy and a permanent extension of the debt ceiling, the government's ability to borrow money, be part of the deal. >> he's assuming unprecedented power to spend taxpayer dollars out any limit at all. >> reporter: republicans who say they're open to raising tax revenue say they will only do so in exchange for deep spending cuts. if washington can't strike a deal, one casualty will be compensation for the long-term...